The announced changes to pension taxation on death will drag thousands more families into the IHT net - HMRC itself estimates more than 10,000 families will be affected.
With the IHT threshold effectively being £1m for a married couple, the addition of a pension pot of that size is going to see a lot more estates paying IHT.
This change will also mean more estates will be worth £2m or more, where the IHT threshold falls sharply. This is going to further increase IHT bills.
The Budget gives people another very good reason to think about gifting early in retirement rather than later.
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